Leaps and lags in the housing recovery

Homeownership remains at a 51-year nationwide low at 62.9% due to a stark lack of supply, an estimated annual decrease of up to 300,000 homebuyers in the real estate market, and residual bad credit from the housing crisis.

California’s comparatively speedy recovery — especially in lucrative metropolitan areas like the Bay Area — belies its low homeownership rate at 54.1%, still below the state’s historic rate of 55%.

Featured Comment

Zestimates are great conversation starters with sellers and buyers. Zillow has done more for our bottom line than NAR ever has or will. Don’t fight the current of the river, learn to run with it. Disruption is inevitable in any industry that is fragmented or inefficient. Granted, it does feel like armchair experts and platforms are plentiful in real estate these days, but when the tide rolls out we will see the value proposition of the truest professionals in this industry shine once again.